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Total Collapse of Foreign Investments in Bulgaria

Sofia, Bulgaria -

An analysis by the Bulgarian Industrial Association found that investments in Bulgaria reached nearly BGN 19 billion in 2017, of which BGN 1.9 billion were foreign and the rest were local ones, Capital reported. In 2007, however, the total volume of capital investments was BGN 18 billion, of which only BGN 258 million, were local. The Chamber said that there is a total collapse of foreign investment in the country.

The reasons are related to shortages of qualified staff, bad infrastructure, corruption, etc. The initial data for 2018 are also not encouraging - by the middle of the year, foreign investments amount to BGN 246 million.

According to the World Bank statistics, Serbia attracts almost twice as much foreign investment. In addition, Romania’s share in absolute terms amounts to USD 4.95 billion in 2017 at USD 1.66 billion in Bulgaria.

Some of the actions that can be taken are related to improving the education and qualification of workers in the country, as well as facilitating the importation of workers from abroad, improvement of justice, etc.